Overview
What is Fargo Air Museum?
The Fargo Air Museum, located undisclosed, is a dedicated nonprofit organization that focuses on educating the public about aviation. They achieve this by offering engaging tours of aviation-related artifacts, attracting over 20,000 visitors annually. The museum's main mission is to spread knowledge and appreciation for aviation history, thereby contributing to the community's cultural growth and understanding. The museum's activities encompass various aspects of aviation, providing an enriching experience for aviation enthusiasts and curious individuals alike.
Official website here: www.fargoairmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%
The Fargo Air Museum has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based solely on the Accountability & Finance category, where the organization scored 29%. This low score is primarily attributed to missing financial statements and a lack of essential policies such as conflict of interest and whistleblower protections, which are critical for transparency and accountability in nonprofit operations.
On a positive note, the museum does demonstrate strengths in governance, with an entirely independent board of directors and well-maintained board meeting minutes. The organization also tracks its asset management effectively, as no material diversion of assets has been noted, which reflects a degree of integrity in its operations. However, the absence of necessary financial documentation greatly undermines the trustworthiness of the organization.
The financial health of the Fargo Air Museum is concerning, evidenced by a liability-to-assets ratio of 10.01% and a program expense ratio of 0%. This suggests that the organization may not be allocating funds effectively towards its stated mission. Additionally, while the executive director's salary is reported, the lack of program expenses raises questions about the museum's operational effectiveness and its commitment to fulfilling its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Fargo Air Museum legitimate?
Fargo Air Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fargo Air Museum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $83,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fargoairmuseum.org
What is the mission statement of Fargo Air Museum?
The Fargo Air Museum is dedicated to enlightening the public about aviation. They achieve this by offering tours of aviation-related artifacts, reaching over 20,000 individuals through various programs. The museum serves as an educational platform, fostering a deeper understanding of aviation history and technology. By providing these experiences, the Fargo Air Museum contributes to the preservation and appreciation of aviation history.
Official website here: www.fargoairmuseum.org
Who is the CEO of Fargo Air Museum?
Ryan Thayer is the Executive Director of Fargo Air Museum.
Official website here: www.fargoairmuseum.org
What is the revenue of Fargo Air Museum?
Fargo Air Museum's revenue in 2022 was $699,525.
Official website here: www.fargoairmuseum.org
Who are the executives of Fargo Air Museum and what are their salaries?
The average compensation at Fargo Air Museum during 2022 was $3,217. There are 26 employees at Fargo Air Museum.
Here are 12 key members and their salaries:
- Compensation: $83,635
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Official website here: www.fargoairmuseum.org
Where can I find the form 990 for Fargo Air Museum?
Fargo Air Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fargoairmuseum.org
Learn more at the official website: www.fargoairmuseum.org
Mission Statement of Fargo Air Museum
The Fargo Air Museum, a nonprofit organization, is dedicated to enlightening the public about aviation. It accomplishes this mission by offering guided tours of various aviation-related artifacts, catering to over 20,000 individuals annually. Through these programs, the museum provides an immersive learning experience, enabling people to gain a deeper understanding of the aviation sector.
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Impact
July, 2024
The Fargo Air Museum serves as a vital educational resource for the public, offering viewing tours of aviation artifacts to more than 20,000 individuals. Through its programs, the museum plays a significant role in educating people about aviation, showcasing the rich history and technological advancements in this field. The impact of the museum extends beyond just preserving artifacts; it actively engages and informs the community about aviation, making it a valuable asset in Fargo, North Dakota.
This information is meant to be a general summary of Fargo Air Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$19,531
- Program Service Revenue: $106,865
- Gross Receipts: $720,102
Assets and Liabilities:
- Total Assets: $3,408,810
- Total Liabilities: $341,467
- Net Assets: $3,067,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION FEES
Revenue
$91,763
MEMBERSHIPS CHARTER
Revenue
$15,102
Organization Details
Founding Year
1998
Principal Officer
Ryan Thayer
Main Address
1609 19TH AVENUE NORTH, FARGO, ND, 58102
Website
www.fargoairmuseum.orgNTEE Category
Code: A50 - Arts
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